Inventys Thermal Technologies Inc., a Vancouver, BC, Canada-based advanced carbon capture technology company, completed its US$26M Series C financing through a final subscription of US$10M.
Backers included existing shareholders OGCI Climate Investments and Business Development Bank of Canada’s (BDC) Cleantech Practice alongside Husky Energy, The Roda Group and Chevron Technology Ventures.
Led by President and CEO Claude Letourneau, Inventys is a carbontech company building a CO₂ marketplace using second-generation carbon capture technology through demonstration plants that give access to carbon capture utilization and storage (CCUS).
The company is currently working on several pilot plant demonstration projects and partnering with some of the world’s largest energy and manufacturing companies to rapidly deploy the technology.
Inventys intends to use the funds to:
– complete its 30-tonne-per-day (TPD) CO₂ capture plant demonstration project with Husky Energy in Saskatchewan, Canada, currently in the commissioning stage and due to begin operations in Q3-2019, and
– to focus on scale-up activities for the manufacturing of its filter beds and proprietary rotating adsorption machine at a larger commercial scale.